LF Canlife Diversified Monthly Income Fund

About the Fund

The Fund aims to provide income monthly with the prospect for long-term capital growth (at least 5 years) through the use of dividends, interest payments and rental income from these assets.

Essential features of the Fund

LF Canlife Diversified Monthly Income Fund 

  • To invest globally in equities, bonds, cash, near cash and money market instruments, property, infrastructure and commodities
  • The Fund’s exposure to property, equities and bonds will be within the following ranges:

            Property - 0-20%

            Equities - 25-55%

            Government and Corporate Bonds - 30-70%

  • The portfolio manager determines the mix of asset classes with a focus on valuation (price of investments) and yield (the income from an investment, usually stated as a percentage of the value of the investment)
  • This mix of assets is reviewed regularly. The portfolio manager then selects investments which they consider will provide both growth in income and capital

How the Fund is managed

  • The Fund is actively managed. The portfolio manager uses their expertise to select investments for the fund and has the discretion to invest without the need to adhere to a particular benchmark
  • The Fund may invest in other funds (including those managed by Canada Life Asset Management)
  • The Fund will not invest in property, infrastructure and commodities directly, but by using other external funds
  • Whilst the Fund can invest in different asset classes it may not have exposure to all asset classes at all times
  • The Fund can invest across different geographic areas without limitation

For further details on the objective and investment policy, visit the Literature section to view fund KIIDs and Prospectus.

Craig Rippe

Craig Rippe

Head of Multi-Asset

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Reasons to recommend

Retirement solution with monthly income

The increased flexibility for taking income at retirement has prompted more people to consider new opportunities, and this Fund aims to provide investors with both a regular monthly income and the prospect of long-term capital growth. There is potential for a quarterly uplift in income if feasible.  This Fund may not be appropriate for investors who plan to withdraw their money within 5 years.

Diversified global investments 

The Fund is invested across a broad range of asset classes - including equities, bonds, as well as property - and in a wide range of geographic regions, sectors and companies. This level of diversification allows the portfolio manager to spread risk and increase the reach of investment opportunities.

High quality assets

The portfolio manager considers investment in individual securities which in their opinion have a robust business model, a strong balance sheet and market share and the ability to provide stable and/or growing level of distribution.

This fund is available as part of the Core Range within Canada Life’s Retirement Account solution. For more information on this visit here.

The value of investments may fall as well as rise and investors may not get back the amount invested

The fund may invest in property funds that may be illiquid and subject to wide price spreads, both of which can impact the value of the fund. The value of the property is based on the opinion of a valuer and is therefore subjective.

Fund comparison tool

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